AMZN - 17.96% Profit Potential - Bullish Pennant
Bullish Pennant formed after a 5-month correction. Multiple new support confirmation over the past few days and price that resisted the news of Bezos leaving the company.
I am fairly optimistic on this trade, as I particularly like the chart and the risk/reward ratio. This means that I will allocate more capital than usual.
- Target Entry $3329.12
- Target Stop Loss $3270.00
- Target Exit $3884.42
About me
- P/L Oct-Dec-Jan Trading Suspended | September +49.18% | August +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
I am fairly optimistic on this trade, as I particularly like the chart and the risk/reward ratio. This means that I will allocate more capital than usual.
- Target Entry $3329.12
- Target Stop Loss $3270.00
- Target Exit $3884.42
About me
- P/L Oct-Dec-Jan Trading Suspended | September +49.18% | August +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Komen:
Entered slightly early at $3312.98.